HB 1314 IN
Deferred retirement option plan.
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Summary
Allows a member of the 1925 police pension fund, 1937 firefighters' pension fund, 1953 police pension fund (Indianapolis), or 1977 police officers' and firefighters' pension and disability fund to withdraw from the deferred retirement option plan (DROP) and make an election to enter the DROP for a second time not earlier than three years after the date the member withdraws from the DROP. Provides that a member may make an election to enter the DROP only twice in the member's lifetime.
Sponsor (1)
- Vernon Smith Democratic · author
Action history (2)
- Jan 13, 2025 First reading: referred to Committee on Employment, Labor and Pensions · lower
- Jan 13, 2025 Authored by Representative Smith V · lower
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